CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Bermuda Lists CbC Report Exchange Partners

Bermuda Lists CbC Report Exchange Partners

by Jason Gorringe, Tax-News.com, London

07 February 2018


The Bermuda Government on January 31, 2018, updated the lists of the countries with which it will exchange country-by-country reports filed in Bermuda in 2018 and in 2019.

The Government has disclosed that it expects to exchange CbC reports with a total of 41 territories in 2018 relating to financial periods in 2016. This is an increase of seven territories since its last update in December 2017, when it had added five territories. These seven territories newly added are: Bulgaria, Colombia, Croatia, Hungary, Indonesia, Malta, and Romania (to be confirmed).

In 2019, it will exchange CbC reports filed in Bermuda with 45 territories. In its January 31, 2018, update, it added Brazil, Chile, Liechtenstein, and Uruguay.

The CbC report is one element of a new three-tiered standardized approach to transfer pricing documentation proposed under Action 13 of the base erosion and profit shifting project. Under the framework, MNEs are required to provide aggregate information annually for each jurisdiction where they do business, relating to the global allocation of income and taxes paid, together with other indicators of the location of economic activity within the MNE Group. It also covers information about which entities do business in a particular jurisdiction and the business activities each entity engages in.

TAGS: tax | business | Hungary | Malta | Uruguay | Bermuda | Bulgaria | Colombia | Liechtenstein | Romania | transfer pricing | Brazil | Indonesia | Croatia | BEPS

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 











Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »